Home Builder Sentiment Unchanged in November

According to the National Association of Home Builders Housing Market Index for November, builder sentiment was unchanged at a reading of 63. Readings above 50 indicate that a majority of builders are confident about housing market conditions. Readings for three sub-indexes used to calculate the Housing Market Index Readings for builder confidence in current market conditions and market conditions within the next six months were posted at 69. The reading for buyer foot traffic in housing developments was 47. Buyer traffic has not reached the benchmark reading of 50 since the peak of the housing bubble approximately 10 years ago.

NAHB Chair Ed Brady noted that survey information provided by most participating builders was gathered prior to the presidential election. Mr. Brady also noted that Housing Market Index readings have exceeded 60 for the past three months, which indicates slow but steady growth in housing markets.

Analysts: Builder Sentiment and Building Activity Inconsistent

While positive builder sentiment readings seem to contribute to stronger housing markets, analysts pointed out that housing starts are not consistent with high builder sentiment levels. Reasons for fewer home starts than the Housing Market Index suggests include approaching winter weather and ongoing shortages of labor and buildable lots.

Real estate pros count on building more homes (and building them faster) as the only solution to tight supplies of available homes and rising demand. These conditions create highly competitive markets that present obstacles to moderate income and first time home buyers. NAHB said that rising incomes, expanding labor markets and relatively low mortgage rates are fueling demand for homes. While mortgage rates have remained near historic lows, home prices have risen quickly in high-demand areas. This creates affordability challenges for home buyers, who also face strict home loan approval requirements.

3 Month Rolling Averages Show Regional Confidence Readings

NAHB reported its three-month rolling averages according to four regions included in Housing Market Index readings. The Northeast reading was 45; the Midwest region’s confidence reading was 58 and the Southern region reported a reading of 66. The West, which includes high-demand metro areas such as Portland, Oregon and San Francisco, California, had a November builder confidence reading of 77.

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22794 E Stacey Road Queen Creek, AZ 85142

$619,000

4 Beds

3 Baths

2,770 SqFt

Status Active

MLS # 6739105

Property Type Single Family Residence

Price Type --

Incredible Fall Move In Ready Home at the highly desired community of Harvest in Queen Creek. This beautiful plan offers 2753 sq ft, 4 bedrooms, loft, 3 full baths, and study on a large North back home site. Enjoy entertaining in your gourmet kitchen, with stunning pecan cabinets to the 10 ft ceiling, quartz countertops and quartz backsplash. Unwind in your owners retreat with the upgraded super shower offering tile to the ceiling. 2x6 constrution and new home warranty; SEE YOU SOON

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9556 W Frank Avenue Peoria, AZ 85382

$619,000

4 Beds

2.5 Baths

3,208 SqFt

Status Active

MLS # 6741287

Property Type Single Family Residence

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Welcome to your dream home, where modern elegance meets spacious comfort!This beautifully refreshed residence boasts a freshly painted interior and exterior, creating a vibrant and inviting atmosphere.Step inside to discover expansive bedrooms,each offering ample space for relaxation and personalization.The master suite is a true sanctuary, featuring a cozy sitting area that invites you to unwind and enjoy peaceful moments.Entertain family/friends in style with not one, but two generous living spaces, perfect for gatherings.The heart of the home is the stunning kitchen,equipped with stainless steel appliances and luxurious granite countertops.Venture outside to your custom outdoor kitchen,complete with a bbq, and sink.AVERAGE PAST 3 MONTH UTILITY BILL INCLUDING SOLAR PAYMENT=$251.00!!

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1311 N Abner -- Mesa, AZ 85205

$619,000

4 Beds

3 Baths

2,225 SqFt

Status Active

MLS # 6747100

Property Type Single Family Residence

Price Type --

Located in the Alta Mesa golf course community, this home offers a flexible floor-plan and is move-in ready! You will be welcomed by soaring ceilings, freshly painted interior, new carpet, and stunning new fixtures thru-out. The great room is enhanced by granite tile counters, breakfast bar and plenty of storage. Guests will enjoy the privacy of the 1st floor bedroom and full bath. Relax in the spacious primary w/ dual sinks, separate tub/shower and walk-in closet. The resort-style backyard has no neighbors behind, sparkling pool, fire pit, and grass play area. Features also include 2 new AC units in 2023, laundry w/ cabinets and RV gate. Walking distance to Elementary and Jr. High, Shepherd Aquatic Complex, park and minutes to Boeing, the 202 FWY, and hiking, this home truly has it all!

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4295 Sawbuck Way Wickenburg, AZ 85390

$619,000

2 Beds

2.5 Baths

1,869 SqFt

Status Active

MLS # 6711598

Property Type Single Family Residence

Price Type --

Located in the resort-style community of Wickenburg Ranch, this exquisite home is a haven of luxury and comfort, featuring 2 spacious bedrooms and 2.5 elegant bathrooms. The 2 car garage offers ample space for vehicles and storage, complemented by a separate garage specifically designed for a golf cart. The open floor plan is ideal for modern living, highlighted by an upgraded kitchen with a large island, perfect for culinary endeavors and social gatherings. The living area is bathed in natural light, thanks to a stunning wall of sliding glass doors that open to a covered outdoor patio. This seamless indoor-outdoor transition invites you to relax and entertain while enjoying the beautifully landscaped backyard. The primary bathroom and den showcase stylish barn doors, blending rustic charm with modern elegance. This seamless indoor-outdoor transition invites you to relax and entertain while enjoying the beautifully landscaped backyard. The backyard offers an unobstructed view of the lush golf course, ensuring privacy and tranquility with no homes situated behind it. Located in Wickenburg Ranch, this home provides access to a host of amenities, making it a perfect retreat in a vibrant and active community.

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4069 E White Aster Street Phoenix, AZ 85044

Open House

$619,000

4 Beds

2 Baths

2,044 SqFt

Status Active

MLS # 6756237

Property Type Single Family Residence

Price Type --

Inside and out, this Ahwatukee home shines with pride of ownership! The light and bright interior is freshly painted with pretty neutral-toned flooring, creating a canvas for your family to shape your own special space together. Imagine yourself in the picture-perfect kitchen, cooking together and sharing the days events, with cleaning up just as easy with a Bosch dishwasher that's super quiet, allowing you to continue entertaining friends and family. The master bath is remodeled with tastefully modern finishes and feels like your own little oasis after a long day. The 2.5 car garage offers that extra storage space we all need and is neat as a pin with epoxy floors, an efficient storage system, workbench, soft water system and newer water heater with recirculation pump for instant hot water and a separate shut-off so you can turn the water off inside the home when you're away while keeping the landscape system running. All of the big ticket items have been done and more: new roof (2020 w/16-year transferable warranty), newer HVAC w/smart thermostat to easily control temps while away. Newer exterior paint (2021), brand new carpeting and an extended paver patio, perfect for al-fresco dining as our cooler temps approach. Enjoy the freedom of no pool upkeep, instead take a short bike ride to one of three Mountain Park Ranch community pools, right down the way. Community amenities offer pickleball, sand volleyball, playgrounds, and one pool is heated for your year-round enjoyment. And talk about location! Unwind with a short walk to restaurants/bars, Trader Joe's, ice cream & shopping - it's all just minutes away! Come fall in love with the Village of Ahwatukee, nestled at the base of South Mountain where you can hike and explore some of the most beautiful terrain the great state of Arizona has to offer!

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3047 N Sonoran Hills Mesa, AZ 85207

$618,000

4 Beds

3 Baths

1,910 SqFt

Status Active

MLS # 6756876

Property Type Single Family Residence

Price Type --

Welcome to Vintage Hills - a quaint, gated neighborhood within East Mesa's premier, master-planned community of Las Sendas! This move-in ready home offers functional, open floorplan with fresh paint, new carpet in the bedrooms, vaulted ceilings, a great room with gas fireplace, tons of natural light with window shutters & NEW fans, fixtures + blinds throughout! The STUNNING kitchen includes NEW: 42'' cabinets with crown molding, Quartz countertops + backsplash, upgraded stainless steel appliances (gas stove!), a pantry & large center island/breakfast bar. Enjoy all Las Sendas has to offer to include: an 18-hole championship golf course, desert living with mountain views & trails, clubhouse, community pools, spa, sports courts (including pickleball), community parks & more!

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1059 W Caroline Lane Tempe, AZ 85284

$618,000

4 Beds

2.5 Baths

2,486 SqFt

Status Active

MLS # 6758794

Property Type Single Family Residence

Price Type --

You'll LOVE this beautiful 4-bed, 2.5-bath home in Tempe Village! Its charm starts with a 2-car garage & a manicured landscape. Be greeted by a welcoming living room & a formal dining room, separated by a graceful archway! Continue onto the inviting family room that opens to the kitchen, allowing a greater traffic flow. The large kitchen has granite counters & backsplash, staggered cabinetry, a huge island, a breakfast nook, and built-in appliances w/cooktop elec. Natural light filled the spaces, complemented by designer paint, tile & wood-look floors downstairs, and plush carpet on the bedrooms upstairs. Main bedroom boasts an ensuite with dual sinks, separate tub/shower, & a walk-in closet. Discover the backyard with a paver-covered patio, artificial turf, & a splash pad! Move-in ready!

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713 N Banning Circle Mesa, AZ 85205

$618,000

4 Beds

3 Baths

2,753 SqFt

Status Active

MLS # 6730306

Property Type Single Family Residence

Price Type --

NO HOA** NEW ROOF, NEW AC, OWNED SOLAR. This Meticulously maintained 4 bedroom, 3 bathroom tri-level home boasts a Huge game room \ Bonus room for all your entertainment or work at home needs! The Owner Suite includes a beautifully redesigned bathroom with contemporary fixtures and luxurious shower. Situated on a Cul De Sac lot and designed with an oversized driveway for ample parking for all your vehicles and recreational toys. Located in a prime location close to parks, premiere golf and a variety of dining options. Also very close proximity to Superstition Springs Mall, Fat Cats at Longbow, US 60 and Red Mountain 202 Freeways. Talk about a combination of Convenience and Leisure! Come see this AMAZING home for yourself

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1291 W Derringer Way Chandler, AZ 85286

Open House

$618,000

4 Beds

2.5 Baths

2,286 SqFt

Status Active

MLS # 6720936

Property Type Single Family Residence

Price Type --

Seller may consider buyer concessions if made in an offer. Welcome to this comfortable and serene home. Upon entry, you'll notice freshly painted interiors in neutral colors that create a spacious feel throughout. The kitchen features stainless steel appliances ideal for your culinary needs. The primary bedroom includes a large walk-in closet for all your clothes and an ensuite bathroom with double sinks, a separate tub, and shower for relaxation. Outside, a covered patio leads to a private in-ground pool, perfect for leisure. The fenced backyard offers privacy and peace of mind. Recent updates, like new flooring in parts of the home, add to its sophistication. Experience lifestyle and comfort in this unique property.

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3035 W Thurman Drive Laveen, AZ 85339

$617,990

4 Beds

2.5 Baths

2,628 SqFt

Status Active

MLS # 6742953

Property Type Single Family Residence

Price Type --

This beautifully upgraded single-story home offers 9-ft. ceilings and an open concept, split floor plan. The modern kitchen features 42-in. upper cabinets, a large center island with pendant light pre-wiring and sleek quartz countertops, a walk-in pantry, and Whirlpool® appliances - including built-in microwave, electric range, and French-door refrigerator. You'll find stunning vinyl plank flooring throughout common areas and plush carpet in the bedrooms. The private primary suite includes an oversized closet, and the primary bath boasts a walk-in shower, dual-sink vanity with modern square sinks, and an enclosed water closet. This home also includes a 40-gal. gas water heater and A/C unit with Wi-Fi-connected ecobee smart thermostat.

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6754 W Andrea Drive Peoria, AZ 85383

$617,990

3 Beds

2.5 Baths

2,125 SqFt

Status Active

MLS # 6740369

Property Type Single Family Residence

Price Type --

Nearing completion, ready to call home in September! Experience the charm of Aloravita, nestled within the scenic mountains of Peoria. This community boasts breathtaking views and is conveniently located minutes away from shopping, dining, hiking trails and more! Our popular 'Barstown' floorplan features 3 full bedrooms, 2.5 bathrooms, 2 Car-Garage and a private yard with views! Designer selected finish includes Burlap Cabinetry, Quartz Kitchen Countertops, Wood Like Tile Throughout, and Plush Carpet in all the bedrooms. This beautiful home will have it all including 8' doors, Gourmet Gas Kitchen, Smudge Proof Stainless Steel Appliances, Blinds, Pre-Plumb for Soft Water, and Smart Home Technology. Interior photos of similar spec home, options will vary

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13815 W Forest Pleasant Place Peoria, AZ 85383

$617,990

3 Beds

2.5 Baths

2,503 SqFt

Status Active

MLS # 6622598

Property Type Single Family Residence

Price Type --

Up to 3% of base price or total purchase price, whichever is less, is available through preferred lender plus additional 3% of base price or total purchase price, whichever is less, is available to be used toward closing costs, pre-paids, rate buy downs, and/or price adjustments. Beautiful Parklane quick move in home featuring a chef kitchen layout with white quartz countertops, white cabinets, subway tile backsplash and stunning wood look plank tile flooring throughout main living area.

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